Munich, Germany: Formula One magnate Bernie Ecclestone offered on Tuesday to pay 25 million euros (USD 36 million) in damages to settle the corruption trial against him in Germany, according to a local news agency.


Bernie Ecclestone 

The 83-year-old's defence team filed a surprise motion at the Munich court to dismiss the charges in exchange for paying the sum to BayernLB bank, German news agency DPA reported. State prosecutors indicated they were open to the proposal but would have to review it in detail, according to the report which cited Ecclestone's lawyer Sven Thomas.